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and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved like property something we've talked about here is that's one very huge downside to property is it's a sitting duck there you can't hide your mansion on the coaches or they just take it they tax it so this is what they plan on doing instead of taxing cash european union government should in future target property and other less mobile assets for example over the next ten years the rich should give up a portion of their assets professor both anger said this is professor peter both finger one of the
and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of...
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of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the risks so here are guys setting economic policy they have a whole team of hundreds of economists that work at the treasury why didn't he ever even think to look at the data and test it himself because they wanted this outcome anyway this is they fit the facts around what they wanted i. ideologically right well there's a double tragedy at play here because of course people like paul krugman and the money printers will say you see steroids bad we need to print lots of money but of course they have an academic agenda as well they're not paul krugman doesn't have a real job he's summer had a real job he do
of the quotes from heads of states and unelected bureaucrats who have basically imposed policies on tax payers and citizens around the world based on this paper all the rand of the european commission says it is widely acknowledged based on serious research that when public debt levels rise above ninety percent they tend to have a negative economic dynamism which translates into low growth for many years and timothy geitner said it's an excellent study although in some ways understates the...
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and so i pay for everyone's meal is a kind of friendly tax and what was. it said that could be one of the world's richest cities it is certainly one of the most dangerous. discreet an ordinary heroin saima who is a kurd investor are opposed and fortune in the opening of a private school a generous act which has attracted envious attention don't let me just i'm terrified so little if i do the day after or not flood was broadcast still to promote the school to physio i got a telephone call i would you. know yes there's a lot of hobby hello about any hello little you know a nothing i'd have if it is simple but it. he got a man introduced himself as a member of a terrorist organization and demanded money from my colleagues were terrorized through. other likes i was a school for a month and then i said we have to open it again we can't just give in. we have to work still life has to go on. that. neither the terrorists nor anyone else can stop me from working as a pistol only god is the master of my destiny. wealthy british style. is not on the typewriter. marke
and so i pay for everyone's meal is a kind of friendly tax and what was. it said that could be one of the world's richest cities it is certainly one of the most dangerous. discreet an ordinary heroin saima who is a kurd investor are opposed and fortune in the opening of a private school a generous act which has attracted envious attention don't let me just i'm terrified so little if i do the day after or not flood was broadcast still to promote the school to physio i got a telephone call i...
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can move very quickly but they're talking about a tax on on assets i cannot move like really state and so this will be this will face a lot of resistance but if it actually does get pushed through it will be a very new development that may have major consequences but it sounds like a mountain top but now cyprus will have their sovereign gold reserves rated in exchange for a bailout what happens when they go to italy and has got twenty four hundred tons of gold it will italy simply lay down and give their gold to berlin or will they maybe decide that they don't want to give away their gold or anything. i don't think italy will lay down at all i don't think i don't think italy is cyprus italy is a large country with a substantial industrial base banking is not a huge part of the economy and. the part in italy that is not doing well is actually the industrial part and. so i don't think they talian to all wall yields to the pressure of selling the gold i think right now there's a lot of discussion in italy whether to stay in the euro or not and whether to greed to any more austerity measur
can move very quickly but they're talking about a tax on on assets i cannot move like really state and so this will be this will face a lot of resistance but if it actually does get pushed through it will be a very new development that may have major consequences but it sounds like a mountain top but now cyprus will have their sovereign gold reserves rated in exchange for a bailout what happens when they go to italy and has got twenty four hundred tons of gold it will italy simply lay down and...
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dollars or what's taxed. that's the simplest way to. business income tax if you're paid in. or if you're paid in most of. now that's just an exchange a commodity for the use of my time and my skills. evelyn durant's child and he is sitting there overlooking all of his sheep hanging out in front of fema camps and the i.r.s. and fellow reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones flying over us we've got our military now to extend democracy out there to the rest of the world and as long as we're sleeping we're just watching t.v. everything's going to be just fine. there was a while they lose one of us and they don't really like to lose us but it's all collateral damage. now and. the people here believe very strongly in peace we're pacifists we are anti war. we believe at the same time though that very strong defense and being able to protect your life your liberty and your property is also very important so as we walk through you may see scattered across the fie
dollars or what's taxed. that's the simplest way to. business income tax if you're paid in. or if you're paid in most of. now that's just an exchange a commodity for the use of my time and my skills. evelyn durant's child and he is sitting there overlooking all of his sheep hanging out in front of fema camps and the i.r.s. and fellow reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones...